FINANCIAL AID

FINANCIAL AID FORMS

FAFSA

TO APPLY FOR FEDERAL STUDENT AID, SUCH AS FEDERAL GRANTS, WORK-STUDY, AND LOANS, YOU NEED TO COMPLETE THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA). COMPLETING AND SUBMITTING THE FAFSA IS FREE AND EASIER THAN EVER, AND IT GIVES YOU ACCESS TO THE LARGEST SOURCE OF FINANCIAL AID TO PAY FOR COLLEGE OR CAREER SCHOOL.

CSS

THE PROFILE FORM IS ADMINISTERED BY THE COLLEGE SCHOLARSHIP SERVICE (CSS), THE FINANCIAL AID DIVISION OF THE COLLEGE BOARD. THE CSS PROFILE IS REQUIRED BY MANY PRIVATE COLLEGES AND UNIVERSITIES TO DETERMINE YOUR ELIGIBILITY FOR NON-GOVERNMENT FINANCIAL AID, SUCH AS THE INSTITUTION’S OWN GRANTS, LOANS AND SCHOLARSHIPS.

INSTITUTIONAL FORMS

MANY UNIVERSITIES HAVE THEIR OWN INSTITUTIONAL FORMS THAT THEY WILL REQUIRE YOU TO FILL OUT IF YOU ARE APPLYING TO THE SCHOOL OR PLANNING TO ATTEND THERE. LOOK ON THE WEBSITE OF EACH SCHOOL YOU ARE APPLYING TO FIND THESE FORMS AND REACH OUT TO THEIR FINANCIAL AID OFFICES WITH QUESTIONS. 

FINANCIAL AID LOAN OPTIONS

FEDERAL GOVERNMENT

THERE ARE MANY TYPES OF LOANS OFFERED BY THE FEDERAL GOVERNMENT INCLUDING DIRECT SUBSIDIZED AND UNSUBSIDIZED LOANS, DIRECT PLUS (PARENT PLUS) LOANS, AND GRADUATE PLUS LOANS. EXPLORE WHICH OF THESE LOANS WILL WORK BEST FOR YOU AND YOUR FAMILY BY FOLLOWING THE LINK BELOW.

PRIVATE LOANS

MANY INDEPENDENT PRIVATE COMPANIES ALSO OFFER PRIVATE LOANS FOR COLLEGE EDUCATION WITH THEIR OWN PAYMENT INFORMATION AND FINANCING TERMS. SOME OF THE MAJOR COMPANIES TO BEGIN EXPLORING IF THE PRIVATE LOAN IS BEST FOR YOUR FAMILY ARE SALLIE MAE, CITIZENS BANK, AND ASCENT.

PERSONAL LOANS

THERE ARE ADDITIONAL METHODS THAT CAN BE USED TO PAY OFF OR FINANCE YOUR STUDENT LOAN INCLUDING USING A HOME EQUITY LOAN OR A LINE OF CREDIT LOAN. THESE METHODS, ESPECIALLY USING HOME EQUITY, CAN BE FAVORABLE AS THEY OFTEN OFFER LOWER INTEREST RATES THAN WHAT COULD BE FOUND OF TYPICAL STUDENT LOAN RATES.